(Bloomberg) -- The socialist government of Venezuela and its political opponents at home who have been starkly divided over the past two decades on the best path forward for the country, have suddenly united around a common theme: the century-old dispute with Guyana.

Articles about the construction of new refineries and petrochemicals plants tend to be popular topics in Rigzone’s downstream news section.

This piece presents the opinions of the author.

(Bloomberg) -- Chesapeake Energy Corp. shares rose the most since February after board member Archie Dunham, former chief executive of ConocoPhillips’ predecessor company, bought more than $4 million in additional stock.

What is driving the oil price down is the fact that the buy Wellhead market believes the buy Wellhead market is oversupplied.

(Bloomberg) -- Oil’s poised for its biggest weekly drop in a month on concerns of weakening growth and doubts over whether the OPEC+ coalition’s output curbs will counter surging U.S.

Since the industry’s all-time low in 2016, field service activities have rebounded and are expected to grow at an average annual rate of 4 percent towards 2021.

The liquefied natural gas (LNG) freight buy Wellhead market has enjoyed strong growth over the past 12 months, a London-based buy Wellhead market observer with Braemar ACM Shipbroking told Rigzone.

Both the West Texas Intermediate (WTI) and Brent crude oil benchmarks have sustained double-digit losses since last week.

The U.S. has added oil rigs for the first time in three weeks, according to data compiled by Baker Hughes, a GE Company.